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Concepts and Approaches
Reimagining microfinance (pdf 5.8mb)
Grameen Foundation CEO Alex Counts outlines a new vision of microfinance as a platform, not a product; one that relies on high volumes, not high margins, and that uses limits on private benefit, holistic performance standards, and third-party certification.Counts redefines the dichotomy between commercial microfinance and pro-poor microfinance to propose a new model that, he argues, could make microfinance both more relevant to the world's poor and more profitable in the long term.
He also provides an overview of and counter to some of the criticism levelled at microfinance institutions.
- Resource link:
http://www.ssireview.org/ images/articles/ 2008SU_feature_Counts.pdf - Published: 2007
- Source: Stanford Social Innovation Review (http://www.ssireview.org)
- Added to ADG on: 01 July 2008 , contributed by: Helen Cartwright - Opportunity International
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